Hedge fund ValueAct Capital said on Thursday it would return to the board of directors of Valeant Pharmaceuticals International Inc, which is pursuing a hostile takeover offer for Allergan Inc, and that it planned to increase its stake in the company.
Industry
China lets foreign institutions invest more in its markets in third quarter
China boosted the quotas it gives foreign institutions to invest in domestic securities by the largest amount in the third quarter since the final quarter of 2012 and regulators may also raise the limit on a parallel yuan-denominated program.
Hackers exploit 'Shellshock' bug with worms in early attacks
Hackers have begun exploiting the newly identified "Shellshock" computer bug, using fast-moving worm viruses to scan for vulnerable systems and then infect them, researchers warned on Thursday.
Apple plays defense on iPhone 6 bending, software concerns
Apple Inc (AAPL.O) broke its silence on complaints about bending iPhones, hours after withdrawing a glitch-ridden software update as the company struggles to restore momentum to the rollout of its latest phones.
Dollar holds near four-year highs, European equities slip
The dollar held near a four-year high against a basket of currencies on Friday, fueled by the biggest yield advantage over the euro in nearly 15 years as the Federal Reserve contemplates hiking interest rates.
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In a boost to U.S. weapons makers looking for ways to offset lower domestic military spending, India is expected to choose Sikorsky Aircraft's S-70B Sea Hawk helicopters at a 16-aircraft tender worth over $1 billion.
French oil company Total SA (TOTF.PA) is looking to sell its 17 percent stake in the Gulf of Mexico's Tahiti oil field, which could fetch between $1.5 billion and $2 billion in a deal, according to people familiar with the matter.
European data privacy regulators on Thursday handed Google a package of guidelines to help it bring the way it collects and stores user data in line with EU law after six regulators opened investigations into the internet giant.
Japan's legions of retail foreign-exchange traders, popularly known as Mrs Watanabe, are turning into sellers of yen.
New orders for capital goods by U.S. businesses rebounded in August, pointing to underlying strength in the economy. The economic outlook also got a lift from other data on Thursday showing only a marginal increase in the number of people filing new claims for unemployment benefits last week.
Chrysler Group LLC, a unit of Fiat SpA (FIA.MI), said it will recall about 350,000 vehicles from the 2008 model year because of a condition that may cause the ignition key to get stuck or inadvertently move.
U.S. stocks ended with sharp losses on Thursday, with the S&P 500 suffering its biggest one-day decline since July, as Apple tumbled and the dollar rose to a four-year high.
Apple Inc released a workaround for iPhone 6 and iPhone 6 Plus users who reported a drop in cellular service and the inability to use the fingerprint reading Touch ID after downloading the iOS 8.0.1 mobile operating system.
The euro hit a 22-month low against the dollar on Thursday on the prospect of diverging monetary policy between the Federal Reserve and the European Central Bank as rate differentials swing decisively in the greenback's favor.
